Ethereum ETF Outflows Spark Debate: Is Demand Fading?

In a surprising turn of events, newly launched US spot Ethereum ETFs are experiencing a wave of withdrawals, raising questions about investor confidence in the market. Data shows a net outflow of $10.7 million on December 2nd, marking the second consecutive day of investor withdrawals. This trend coincides with significant changes within the industry as BlackRock’s iShares Ethereum Trust (ETHA) saw an unusual $89.45 million withdrawal. However, Fidelity’s FETH saw net inflows, indicating continued confidence in the Ethereum ecosystem.